No it's a new problem for me. cboot2 is normally a great little hack that'll run anything, apart from your Wii it seems. I don't know much about the inner workings or requirements of cboot2 or bootmii/boot2 to work out why nothing will load. Are you able to launch any app with cboot2, even something like a simple homebrew game boot.dol?

I have no idea what guide you followed, all I do know is it must have been on another site or posted here by non Wiihacks staff. Downgrading from 4.2 to 3.2 is very very dangerous and no solution, at the moment, is risk free.

Wrong place to post your problem as well, has nothing to do with this tutorial.

After the install, it said I had to restart. I restarted and then this black screen with fuzzy letters keep appearing everytime I turned it on.

I tried this tutorial with the cBoot2 but no go. I didnt know or what has been placed on this wii since someone gave it to me.

Is there anything I can do?

Update:

My Wii is Korean and I was running 4.0U.

From an earlier post, I found out that if i press the Wii's Power button and Reset button as I turn it on, I get a simple looking black and white menu. Says IOS v60 Systemmenu v417 and Preloader v0.29. System Menu, Homebrew Channel, Installed File, .... Settings.